Prelude Creative Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 12375437 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Prelude Creative Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A Sherman

REGISTERED OFFICE:

NT Accountancy

43 Lynton Mead

London

N20 8DG

REGISTERED NUMBER:

12375437 (England and Wales)

ACCOUNTANTS:

NT Accountancy

Chartered Accountants

43 Lynton Mead

London

N20 8DG

FIXED ASSETS

Tangible assets

4

11,198

4,827

CURRENT ASSETS

Debtors

5

113,200

-

Cash at bank

494,232

686,003

607,432

686,003

CREDITORS

Amounts falling due within one year

6

172,814

263,319

NET CURRENT ASSETS

434,618

422,684

TOTAL ASSETS LESS CURRENT
LIABILITIES

445,816

427,511

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

445,815

427,510

SHAREHOLDERS' FUNDS

445,816

427,511

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 September 2025 and were signed by:

A Sherman - Director

1.	STATUTORY INFORMATION

Prelude Creative Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Equipment

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

25% on reducing balance

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

Equipment

fittings

equipment

Totals

£

COST

At 1 January 2024

-

14,694

Additions

5,213

833

3,653

9,699

At 31 December 2024

5,213

833

18,347

24,393

DEPRECIATION

At 1 January 2024

-

9,867

Charge for year

1,042

166

2,120

3,328

At 31 December 2024

1,042

166

11,987

13,195

NET BOOK VALUE

At 31 December 2024

4,171

667

6,360

11,198

At 31 December 2023

-

4,827

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

104,100

-

Prepayments

9,100

-

113,200

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Corporation Tax

35,053

89,251

Social security and other taxes

2,962

55,241

Other creditors

2,806

-

Directors' current accounts

129,434

114,927

Accrued expenses

2,559

3,900

172,814

263,319